◂ Event Timeline

Apr 29, 2024LOGISTICSUS

Natural Gas Futures Rallying as Freeport Volumes Return

US natural gas futures rallied on April 29, 2024 as flows to the Freeport LNG export terminal recovered to around 800,000 Dth/d. Spot prices climbed off weekend lows.

WHY IT MATTERS

Restored LNG export capacity increases gas demand from the US, which gives modest support to gas prices after recent weakness.

AFFECTSNatural Gas▲

SOURCE
naturalgasintel.comJeremiah ShelorApr 29, 2024

Price reaction & history

Natural Gas▲bullishSO FAR1d +18.0%5d +25.8%20d +57.3%

After 54 past bullish logistics events, Natural Gas moved a median -1.8% over 5 sessions (43% higher; middle half -5.7% to +6.2%), and +5.1% over 20.

Jan 22, 2025Freeport LNG Restart Hopes, Cooler Forecasts Boost Natural Gas Futures — MidDay Market Snapshot-15.5%
Apr 25, 2024Hammerfest, Freeport Outages Send Global Natural Gas Prices Higher – Three Things to Know About the LNG Market+9.1%
Apr 29, 2024Natural Gas Futures Rally Above $2 on LNG Rebound, Supply Slowdown; Cash Jumps+25.8%
Oct 28, 2016U.S. gas futures for 2017 lead market as funds bet on pipeline delay-5.8%
Oct 18, 2018BC Pipe Explosion Rattles Downstream U.S. Natural Gas Forward Markets-0.6%

Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.

Natural Gas NATGAS · GP ▸

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